Announcement of funding from Curql Collective and signing of 100th customer signals continued momentum for cybersecurity provider
DefenseStorm, the leading cloud-based cybersecurity, cybercompliance, and cyberfraud management provider to regional and community banks and credit unions, today announced that Curql Collective, through its Strategic Investment Fund, Curql Fund I has invested $5M thanks to DefenseStorm’s unprecedented growth, bringing total funding to $52M.
Launched in 2020, the Curql Fund I invests in the visions and innovations of fintech entrepreneurs who thoughtfully and purposefully develop world-class technology solutions that revolutionize how people engage with their money. It is managed by Next Level Ventures, which is the largest investment firm managing credit union assets today.
“Our investment in DefenseStorm is based on the value it brings to the credit union space,” said Nick Evens, CEO of Curql Collective. “No other company provides co-managed, cloud-based and compliance-automated solutions built specifically for credit unions. We saw that value right away.”
This investment further validates DefenseStorm’s product-market fit within the credit union space and comes on the heels of another major milestone, DefenseStorm’s 100th customer.
“Our goal has always been to invest our time and resources into innovative solutions that will ease the burden of cybersecurity and compliance for financial institutions,” said Steve Soukup, chief executive officer of DefenseStorm. “Adding the support of industry-leading investors at Curql and announcing our 100th customer this year is a testament not only to our hardworking employees who are constantly striving to best serve the financial industry but also to our loyal customers who believe in our mission and see value in their partnership with us.”
In the coming months, DefenseStorm plans to use this funding to further build out its CyberFraud offering, while continuing to enhance its banking-focused, automated compliance and cybersecurity offerings.
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